New Posts For Thread: Pity they didn't introduce the 60% charge when they started uphttps://community.betfair.com/general_betting/go/thread/view/94082/27940369/pity-they-didnt-introduce-the-60-charge-when-they-started-upManaged to build up a billion pound business from charging 5% and lower, god knows how much they'd be worth with charging us up to 60%It's all too cerebral for the average punter and, as such, is not really going to affect the big picture of BF as the punter's friend.UNLESS the HS bookies start planting negative articles in the general press. And then BF can retaliate in kind.Now thttps://community.betfair.com/general_betting/go/thread/view/94082/27940369/pity-they-didnt-introduce-the-60-charge-when-they-started-up?post_id=501058609#501058609It's all too cerebral for the average punter and, as such, is not really going to affect the big picture of BF as the punter's friend.UNLESS the HS bookies start planting negative articles in the general press. And then BF can retaliate in kind.Now tTue, 28 Jun 2011 20:07:15 -0500tbf, investor, I think it was almost universally negative first time round.journalists by-and-large don't understand this stuff and can't be bothered to figure it out. so they just quote the press releases. add a bit of advertising spend and, well, chttps://community.betfair.com/general_betting/go/thread/view/94082/27940369/pity-they-didnt-introduce-the-60-charge-when-they-started-up?post_id=501058181#501058181tbf, investor, I think it was almost universally negative first time round.journalists by-and-large don't understand this stuff and can't be bothered to figure it out. so they just quote the press releases. add a bit of advertising spend and, well, cTue, 28 Jun 2011 19:59:20 -0500.http://www.racingpost.com/news/horse-racing/betfair-to-increase-charges-on-big-hitters/877670/top/It's quite telling how the article is very biased toward Betfair, even stating that the increase in PC will 'protect smaller players using the site'. Yhttps://community.betfair.com/general_betting/go/thread/view/94082/27940369/pity-they-didnt-introduce-the-60-charge-when-they-started-up?post_id=501057789#501057789.http://www.racingpost.com/news/horse-racing/betfair-to-increase-charges-on-big-hitters/877670/top/It's quite telling how the article is very biased toward Betfair, even stating that the increase in PC will 'protect smaller players using the site'. YTue, 28 Jun 2011 19:52:42 -0500temporarynameI'm up for another 10 mins or so. Otherwise give me a bell in the morning. I've left my number on the message thingy.https://community.betfair.com/general_betting/go/thread/view/94082/27940369/pity-they-didnt-introduce-the-60-charge-when-they-started-up?post_id=501056473#501056473temporarynameI'm up for another 10 mins or so. Otherwise give me a bell in the morning. I've left my number on the message thingy.Tue, 28 Jun 2011 19:34:02 -0500Amazing to hear and extremely disappointing.Maybe they are operating in some sort of cocoon after all.As I have always made clear, all my comments are qualified by my lack of knowledge of all the background business facts.As such come out in bits anhttps://community.betfair.com/general_betting/go/thread/view/94082/27940369/pity-they-didnt-introduce-the-60-charge-when-they-started-up?post_id=501056077#501056077Amazing to hear and extremely disappointing.Maybe they are operating in some sort of cocoon after all.As I have always made clear, all my comments are qualified by my lack of knowledge of all the background business facts.As such come out in bits anTue, 28 Jun 2011 19:28:05 -0500fineI have paid about 1 million pounds commission to them over the last 10 years, so I am not one of the biggest customers, but must be in the top 100-200 I think. I knew nothing about this until it was announced.https://community.betfair.com/general_betting/go/thread/view/94082/27940369/pity-they-didnt-introduce-the-60-charge-when-they-started-up?post_id=501055901#501055901fineI have paid about 1 million pounds commission to them over the last 10 years, so I am not one of the biggest customers, but must be in the top 100-200 I think. I knew nothing about this until it was announced.Tue, 28 Jun 2011 19:25:14 -0500temporaryI would think that their biggest profitable customers to them are closely liaised with on these types of matters.If not, then they really are stupid.They're targeting those who are big and mostly profitable to themselves, but not to BF.https://community.betfair.com/general_betting/go/thread/view/94082/27940369/pity-they-didnt-introduce-the-60-charge-when-they-started-up?post_id=501055577#501055577temporaryI would think that their biggest profitable customers to them are closely liaised with on these types of matters.If not, then they really are stupid.They're targeting those who are big and mostly profitable to themselves, but not to BF.Tue, 28 Jun 2011 19:20:45 -0500but the company is still on a PE of about 20, reducing to maybe 15 if you allow for the cash they have on an EV basis. On a 20 year view is it right to annoy your biggest customers so much?https://community.betfair.com/general_betting/go/thread/view/94082/27940369/pity-they-didnt-introduce-the-60-charge-when-they-started-up?post_id=501055309#501055309but the company is still on a PE of about 20, reducing to maybe 15 if you allow for the cash they have on an EV basis. On a 20 year view is it right to annoy your biggest customers so much?Tue, 28 Jun 2011 19:16:38 -0500"Supernormal" profits!Err where exactly ?Is it that easy to replicate ?Maybe on paper.https://community.betfair.com/general_betting/go/thread/view/94082/27940369/pity-they-didnt-introduce-the-60-charge-when-they-started-up?post_id=501055301#501055301"Supernormal" profits!Err where exactly ?Is it that easy to replicate ?Maybe on paper.Tue, 28 Jun 2011 19:16:29 -0500Betfair are simply doing what any monopoly or virtual monopoly should do - take supernormal profits while they can. Fair play to them if they think they can get away with it. I don't think they can as their business is too easily copied.https://community.betfair.com/general_betting/go/thread/view/94082/27940369/pity-they-didnt-introduce-the-60-charge-when-they-started-up?post_id=501055113#501055113Betfair are simply doing what any monopoly or virtual monopoly should do - take supernormal profits while they can. Fair play to them if they think they can get away with it. I don't think they can as their business is too easily copied.Tue, 28 Jun 2011 19:13:47 -0500